Ranch Capital Advisors Inc. Cuts Stock Holdings in SPDR Gold Shares $GLD

Ranch Capital Advisors Inc. decreased its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 26.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 864 shares of the exchange traded fund’s stock after selling 315 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in SPDR Gold Shares were worth $263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $30,000. Columbia River Financial Group LLC purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $34,000. Stone House Investment Management LLC purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $34,000. Legacy Wealth Managment LLC ID boosted its stake in SPDR Gold Shares by 51.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 136 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 46 shares in the last quarter. Finally, Abound Financial LLC purchased a new stake in SPDR Gold Shares in the first quarter worth approximately $56,000. Hedge funds and other institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Price Performance

Shares of GLD opened at $377.52 on Friday. The firm has a market cap of $138.78 billion, a P/E ratio of -32.43 and a beta of 0.15. The stock has a 50 day simple moving average of $345.72 and a two-hundred day simple moving average of $319.60. SPDR Gold Shares has a 1 year low of $236.13 and a 1 year high of $403.30.

SPDR Gold Shares Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).